"He does have some dog's luck on him."

Lu Liang couldn't help but chuckle silently as he watched Little Wang walk up to the podium.

Initially, he had indeed given up on Panda because his initial investment was simply to make connections with Little Wang.

Every industry or enterprise he came into contact with always had a future voice, informing him of what was to come.

Only Panda was an exception. As expected, Shen Peng's judgment wasn't wrong – under Little Wang's management, it totally fizzled out.

But the future can be changed.

Lu Liang had interfered so much that, according to Old Wang, even Little Wang's personality was influenced, let alone Panda. In the end, he had also found a way to profitability with Panda.

"Luck is also a form of strength."

Shen Peng sighed, looking toward Zhu Hu, who was having a heated conversation with Zhou Hongwei, and then back at Lu Liang.

As the saying goes, being close to Lu Zefu brings wealth, and it seems there's some truth to it. He should get closer to Lu Liang in the future.

Shen Peng talked about his trip to Su City the day before yesterday, passing by Lou Shui, where he saw Tianxing Technology's production base being constructed, the land all leveled out and construction fences being set up—the fishermen were also chased away.

"Mr. Lu, such a massive project must require a lot of capital, right?"

If Li Bing dared to use the financing for the production base, she'd definitely face his wrath.

But Lu Liang was different. Tianxing Technology was highly anticipated, and Redwood was willing to invest and even wait, no matter how long the process.

Lu Liang smiled and said, "Mr. Shen, there's currently no shortage of development funds over there. If there's a need in the future, I'll definitely inform you."

They hadn't even taken the 150 billion RMB loan offered by the Su City Government recently, so they really weren't short on development funds.

However, there was a project that could collaborate with Redwood, just uncertain if Shen Peng was interested.

Shen Peng inquired, "What project?"

"DiDi!"

"DiDi?"

Shen Peng frowned, puzzled, looking at Lu Liang, "Mr. Lu, are you not aware of the situation DiDi is facing?"

In the past few years, during the battle of ride-hailing services, Redwood invested two hundred million dollars into DiDi in increments, holding a 3.58% stake.

Now, with DiDi valuated at fifty billion dollars, two hundred million dollars has turned into 1.8 billion dollars, a ninefold increase.

But that profit only exists on paper. Whether DiDi can go public is still a question.

After all, having alerted National Security, their application for a US listing was outright rejected by the Commerce Department, which is a serious issue.

Lu Liang smiled, "The best way to solve a problem is to address the person who caused the problem."

Shen Peng raised his eyebrows, "Are you referring to Mr. Liu?"

Lu Liang chuckled lightly, "Does Mr. Shen think that the rejection of DiDi's IPO application is Mr. Liu's problem?"

Shen Peng was at a loss for words for a moment, then equivocated, "Possibly."

Ever since Liu Qing joined DiDi, she was responsible for the company's development, finance, and even the current IPO preparations.

Whoever was in charge of the mistakes bore the responsibility, which was correct, but Lu Liang's words were frightening, clearly setting a trap for him.

"Mr. Wang is about to take the stage. Let's discuss this matter another time; who knows, there might be an opportunity for collaboration." Lu Liang's lips curled into a smile.

From Shen Peng's reaction, it wasn't hard to deduce that investors also thought that DiDi's listing obstruction was due to Liu Qing.

But to deal with Liu Qing, one had to overcome three obstacles.

First, one had to face the forces within DiDi that Liu Qing had supported. Then, confront one of the top comprador groups in the country head-on. Finally, stand up against the foreign powers supporting Liu Qing.

This is why, even though it was obvious who was to blame for DiDi's listing obstruction, no one dared to challenge Liu Qing.

The first step was not difficult. Cheng Wei had always hoped someone could help him "Clear the King's Side" and regain control.

The third step was straightforward: foreign capital is like a mother's milk; after DiDi had burned through more than twenty billion dollars over the years, it was time to reap the benefits.

The hardest part was the second step.

The older generation of the Liu family made their fortune in Xiangjiang by helping foreigners sue Mainland companies.

The three outstanding members of the Liu family, through three generations of effort, successfully became one of the top comprador groups in the country.

"Right right right, we should consider this matter carefully." Shen Peng laughed dryly, with a hint of confusion in his eyes.

It was puzzling why Lu Liang wanted to get involved in this murky waters. With a market value of fifty billion dollars, DiDi had likely hit its ceiling, making it hard to grow further.

Was he on a mission?

"Live-streaming e-commerce has emerged as a new industry, and it took us only 283 days to break through from zero to ten billion dollars..."

Little Wang spoke with confidence, making no apologies. Live-streaming e-commerce was the dawn of the e-commerce 3.0 era and the ultimate destination for internet traffic, with Panda being the pioneer and promoter of this model.

While it was somewhat overstated, the roadshow was all about giving investors confidence. As long as they could talk the talk and justify it, aiming for a market cap of a hundred billion dollars was also possible.

The ten-minute speech flew by in an instant, and alongside it, the subscription channel opened up, almost immediately resulting in long lines forming outside the subscription room.

Quickly, the results from the first hour of subscriptions were released, with subscription funds reaching 48.6 billion dollars, a subscription ratio of 127.8 times.

The news spread like wildfire, and the queue at the entrance to the subscription room, which had previously seen a significant decrease in numbers, grew long once again.

The frozen capital, the greater it speaks to the future promise.

Everyone subscribing favorably indicates that the first-day surge will be more exaggerated upon listing, and

many are subscribing for a second time, simply to increase their chances of winning the subscription lottery.

But the more capital subscribed, the lower the probability of winning,

which is the same as saying more money equals lower chances.

Soon, the second hour ended and the subscription funds broke through the 90 billion US Dollar mark, reaching 236.8 times oversubscription.

Little Wang came to Lu Liang's side, excitedly informing him of this news, his voice trembling: "236 already."

90 billion US Dollars, translated to over 600 billion RMB, all competing for 192 million shares of stock.

As long as the performance in New York doesn't hit a snag, a doubling market cap is practically guaranteed, and breaking 100 billion isn't out of the question.

Once the market cap surpasses 100 billion US Dollars, his 31.55% stake would be valued at 31.55 billion US Dollars, converting to 211 billion RMB.

Including the several billion US Dollars he invested on Lu Liang's side, he should have around 240 billion RMB, it seems next year he could climb onto the domestic Forbes rich list.

"Getting carried away?"

Lu Liang shot him a glance, as if seeing right through Little Wang's wishful thinking, and Little Wang gave a few awkward laughs: "No, I've contained it."

After all, they still relied on Lu Liang for the roadshow in New York, he truly dared not get carried away, at least not in front of Lu Liang.

Lu Liang chuckled, then after a brief contemplation, said, "Let's talk with Cruick later and consider raising the issuing price."

Currently, the issuing price is only 1.98 US Dollars, but even raising it by a penny would result in a profit of 1.92 million US Dollars.

Given the current fervor for subscription, it's entirely feasible to raise it to over two dollars; the higher the price, the more capital raised.

An earlier stock price rise above five US Dollars could also allow earlier entry into the global select market, attracting institutional funds from various countries.

The simplicity of listing on Nasdaq is because they divide it into three tiers: global select market, global market, and capital market.

Like primary, secondary, and tertiary markets, Panda could only enter the third tier upon listing, akin to China's New Third Board, yet with greater liquidity and financing volume.

Should the enterprise have stable revenue and the stock price stays above five US Dollars after half a year, there's a chance to directly enter the global select market, the true essence of Nasdaq.

Conversely, if a company with uncertain revenue, even in the prime market, may gradually fall to the second tier, then the third, and finally be compelled to delist.

Old Jia's FF got listed in Nasdaq's third tier, and comparing that demonstrates how diluted this market is.

"Setting off for New York on the 16th, when does your plane arrive?" Little Wang suddenly asked, planning to bring along additional people.

Such as streamers like PDD, Hai, MISS and others, and if Lu Liang needed, taking Li Manli wouldn't be an issue.

After the New York roadshow ends, one can list within 21 days, and generally, no one waits the full 21 days, the sooner, the better.

Ringing the bell for a Nasdaq listing is a prestigious moment, like a WeChat businessperson boasting about a new car in their social circle; surely one would want to bring along big-name platform streamers to get a touch of gold.

These streamers, through stock incentive plans, have subscribed to a good number of original shares, for instance, PDD subscribed to 800,000 shares, Li Manli has 200,000.

Five percent allocated to the equity incentive pool, totaling 96 million shares, nearly every platform streamer and company middle and senior manager got a piece, just differing in amount.

One's success lifts all close to them; this adage encapsulates the IPOs of internet companies perfectly.

"I've heard it's been assembled. It should arrive in the next day or two, and after some checking and refurbishment, it should be time."

Lu Liang gave a sharp look, signaling Little Wang not to overdo it. It's uncertain if the lavish banquet would be a blessing or a curse, no time to look after Li Manli.

Little Wang chuckled, thinking Lu Liang had an old flame, worried about a confrontation should they meet, so he dropped the subject.

Two and a half hours later, Modu's station concluded the subscription.

Froze a total of 102.2 billion, supersubscribing by 268.9 times, breaking the IPO record set by Ali.

"Capital Market's New Darling?"

"Has Spring Arrived for Chinese concept stocks?"

"268.9 times, East Country's YouTube?"

"Could Livestream Sales Ownership Become the Next Flow Destiny?"

The news spread, shocking the industry.

Frozen capital exceeded one hundred billion; Panda, known as third in the industry hierarchy, succeeded in breaking through, becoming widely recognized.

Little Wang, holding 31.55% of shares, was lavishly praised by all media outlets: "Wang family's boy blossoms, no dogs born of a tiger."

To the public, Little Wang was a commercial miracle, turning the 500 million RMB given by his dad into 1.2 billion US Dollars or more.

But to professionals, they marveled at the man behind Panda.

Mr. Lu!

Insiders stated clearly that without Lu Liang's assistance, Panda wouldn't have even passed the listing review.

Suddenly, countless enterprises eager to go public in the US stirred, turning their attention to Lu Liang.

If he could assist one company in its US listing, he could do the same for a second, a third.

Listing on Nasdaq, globally renowned stock exchange, can provide a company with broad media and investor attention.

This helps improve the company's prominence and visibility, attracting potential customers and partners.

No company could resist such temptation.

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